PHX Energy Services Corp (PHX) Director Roger Dale Thomas Purchases 25,000 Shares of Stock

PHX Energy Services Corp (TSE:PHX) Director Roger Dale Thomas bought 25,000 shares of the stock in a transaction dated Wednesday, April 4th. The stock was bought at an average price of C$1.89 per share, with a total value of C$47,250.00.

Shares of PHX Energy Services stock remained flat at $C$1.98 during trading hours on Friday. 21,710 shares of the stock traded hands, compared to its average volume of 35,747. PHX Energy Services Corp has a fifty-two week low of C$1.64 and a fifty-two week high of C$3.90.

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PHX Energy Services (TSE:PHX) last issued its earnings results on Wednesday, February 28th. The company reported C($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.06) by C($0.03). PHX Energy Services had a negative net margin of 8.45% and a negative return on equity of 11.19%. The company had revenue of C$60.66 million during the quarter, compared to analyst estimates of C$63.00 million.

Separately, BMO Capital Markets lowered their target price on shares of PHX Energy Services from C$3.00 to C$2.50 in a report on Friday, March 2nd.

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About PHX Energy Services

PHX Energy Services Corp., through its subsidiaries, provides horizontal and directional drilling technology and services to oil and natural gas producing companies in Canada, the United States, Albania, and Russia. The company offers Velocity Real-Time, E-360 measurement while drilling (MWD), P-360 positive pulse MWD, 360 resistivity while drilling, and 360 clear vision MWD systems, as well as performance drilling motor rental services.

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